Eagle Asset Management Inc. decreased its holdings in shares of Evoqua Water Technologies Corp. (NYSE:AQUA) by 3.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 321,238 shares of the company’s stock after selling 12,612 shares during the quarter. Eagle Asset Management Inc. owned 0.27% of Evoqua Water Technologies worth $10,851,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Ameritas Investment Company LLC bought a new stake in shares of Evoqua Water Technologies during the first quarter worth about $26,000. Banque Cantonale Vaudoise bought a new stake in shares of Evoqua Water Technologies during the second quarter worth about $32,000. CoreFirst Bank & Trust bought a new stake in shares of Evoqua Water Technologies during the first quarter worth about $53,000. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Evoqua Water Technologies by 32.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,591 shares of the company’s stock worth $94,000 after purchasing an additional 875 shares during the last quarter. Finally, US Bancorp DE grew its holdings in shares of Evoqua Water Technologies by 9.0% during the second quarter. US Bancorp DE now owns 5,489 shares of the company’s stock worth $185,000 after purchasing an additional 451 shares during the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently weighed in on AQUA. Citigroup boosted their price target on Evoqua Water Technologies from $31.00 to $37.00 and gave the stock a “neutral” rating in a report on Wednesday, August 4th. Royal Bank of Canada upped their target price on Evoqua Water Technologies from $34.00 to $38.00 and gave the company an “outperform” rating in a report on Wednesday, June 16th. They noted that the move was a valuation call. Zacks Investment Research cut Evoqua Water Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, September 15th. Raymond James upped their target price on Evoqua Water Technologies from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday, August 4th. Finally, Credit Suisse Group upped their target price on Evoqua Water Technologies from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Wednesday, August 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $35.22.
Evoqua Water Technologies stock opened at $39.05 on Thursday. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of 84.89 and a beta of 1.90. Evoqua Water Technologies Corp. has a 52-week low of $18.98 and a 52-week high of $39.95. The stock’s 50 day moving average price is $36.48 and its two-hundred day moving average price is $31.95. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.36 and a current ratio of 1.79.
Evoqua Water Technologies (NYSE:AQUA) last posted its quarterly earnings results on Tuesday, August 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). Evoqua Water Technologies had a return on equity of 13.58% and a net margin of 3.93%. The business had revenue of $369.68 million for the quarter, compared to the consensus estimate of $364.15 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. Evoqua Water Technologies’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities research analysts forecast that Evoqua Water Technologies Corp. will post 0.6 EPS for the current year.
About Evoqua Water Technologies
Evoqua Water Technologies Corp. is a holding company, which engages in the provision of water treatment solutions. It operates through the Integrated Solutions and Services and Applied Product Technologies business segments. The Integrated Solutions and Services segment focuses on engaging directly with end users.
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